JMIN ETF — Holdings & Analysis

The JPMorgan U.S. Minimum Volatility ETF (JMIN) is designed to provide exposure to U.S. equities while targeting lower volatility than the Russell 1000 Index.

With an expense ratio of 0.12% and assets under management (AUM) of $0.04 billion, JMIN employs a rules-based approach to select securities, aiming to deliver a potentially smoother investment experience within the equity market. The fund's focus on minimizing volatility differentiates it from broader market ETFs, appealing to investors seeking downside protection.

JPMorgan U.S. Minimum Volatility ETF (JMIN) ETF — Price, Holdings & Analysis

The JPMorgan U.S. Minimum Volatility ETF (JMIN) is designed to provide exposure to U.S. equities while targeting lower volatility than the Russell 1000 Index. With an expense ratio of 0.12% and assets under management (AUM) of $0.04 billion, JMIN employs a rules-based approach to select securities, aiming to deliver a potentially smoother investment experience within the equity market. The fund's focus on minimizing volatility differentiates it from broader market ETFs, appealing to investors seeking downside protection.

ETF Overview

The fund will invest at least 80% of its assets in securities included in the underlying index. "Assets" means net assets, plus the amount of borrowing for investment purposes. The underlying index measures the performance of U.S. equity securities selected using a rules-based process that is designed so the underlying index targets lower volatility than the Russell 1000 Index.

JMIN aims to provide investors with exposure to the U.S. equity market while seeking to reduce volatility compared to the broader Russell 1000 Index. The fund achieves this by using a rules-based process to select securities that exhibit lower volatility characteristics. JMIN invests at least 80% of its assets in securities included in its underlying index. The ETF's top holdings reflect this strategy, with significant allocations to companies like McKesson Corp (0.70%), Cheniere Energy Inc (0.69%), and First Solar Inc (0.68%). Sector allocation is heavily weighted towards Healthcare (20.9%), Consumer Defensive (19.2%), and Utilities (18.5%), indicating a preference for stable, less cyclical industries. This approach makes JMIN suitable for investors seeking equity exposure with a potentially lower risk profile than traditional market-cap-weighted ETFs. The fund's focus on minimum volatility may appeal to those nearing retirement or with a lower risk tolerance.

Risk Metrics

JMIN, while designed to reduce volatility, still carries inherent risks associated with equity investing. While its 3-year beta of 0.78 suggests lower volatility compared to the market, it does not eliminate risk entirely. The fund's sector allocation introduces concentration risk, with significant exposure to Healthcare, Consumer Defensive, and Utilities, making it vulnerable to sector-specific downturns. The expense ratio of 0.12% can create a slight drag on performance over time, although it is relatively low. Investors should also consider the fund's AUM of $0.04 billion, which could impact liquidity and trading costs. Past performance does not guarantee future results.

Expense Ratio

0.12%

What does JMIN hold?

Holding	Weight
McKesson Corp (MCK)	0.70%
Cheniere Energy Inc (LNG)	0.69%
First Solar Inc (FSLR)	0.68%
Constellation Energy Corp (CEG)	0.67%
General Mills Inc (GIS)	0.67%
Waste Management Inc (WM)	0.67%
T-Mobile US Inc (TMUS)	0.66%
UnitedHealth Group Inc (UNH)	0.65%
Microsoft Corp (MSFT)	0.64%
Southern Co (SO)	0.64%

How Is the Fund Allocated?

Sector	Weight
Healthcare	20.9%
Consumer Defensive	19.2%
Utilities	18.5%
Technology	8.7%
Industrials	6.0%
Real Estate	5.3%
Financial Services	4.9%
Energy	4.8%
Basic Materials	4.6%
Communication Services	3.7%
Consumer Cyclical	3.5%

Country	Weight
United States	95.4%
Other	1.3%
Switzerland	0.6%
Ireland	1.4%
Bermuda	0.9%
Netherlands	0.3%

Dividend Yield

1.71%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

JPMorgan International Bond Opportunities ETF (JPIB) (Fixed Income) — 0.50% expense ratio
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) (International Equity) — 0.15% expense ratio
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) (US Equity) — 0.50% expense ratio
JPMorgan Flexible Income ETF (JFLI) (Multi-Asset) — 0.35% expense ratio
JPMorgan Fundamental Data Science Large Core ETF (LCDS) (US Equity) — 0.30% expense ratio
JPMorgan Mortgage-Backed Securities ETF (JMTG) (Fixed Income) — 0.24% expense ratio

Risk Metrics

Beta: 0.78

Questions & Answers

What is JMIN and what does it track?

JMIN, or the JPMorgan U.S. Minimum Volatility ETF, is an exchange-traded fund that aims to provide investment results that closely correspond to the performance of a rules-based index targeting lower volatility than the Russell 1000 Index.

The fund invests at least 80% of its assets in securities included in the underlying index.

What is the expense ratio for JMIN?

The expense ratio for JMIN is 0.12%. This means that for every $10,000 invested in the fund, investors will pay $12 in annual fees to cover the fund's operating expenses.

This is relatively low compared to the average expense ratio for equity ETFs, which is around 0.44%.

What are the top holdings in JMIN?

As of 2026-03-15, the top holdings in JMIN include McKesson Corp (0.70%), Cheniere Energy Inc (0.69%), First Solar Inc (0.68%), Constellation Energy Corp (0.67%), and General Mills Inc (0.67%).

These holdings reflect the fund's focus on companies with lower volatility characteristics.

Is JMIN a good long-term investment?

Whether JMIN is a suitable long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon. JMIN's strategy of targeting lower volatility may appeal to investors seeking to mitigate downside risk in their portfolios.

The fund's expense ratio of 0.12% is relatively low, which can benefit long-term returns. The fund's dividend yield is 1.71% as of 2026-03-15.

How does JMIN compare to similar ETFs?

JMIN competes with other ETFs that focus on low volatility or minimum variance strategies. Compared to some competitors, JMIN's expense ratio of 0.12% is competitive.

The fund's AUM of $0.04 billion is relatively small compared to some of the larger low-volatility ETFs. The fund's underlying index and specific stock selection methodology differentiate it from other ETFs in the category.

Does JMIN pay dividends?

Yes, JMIN does pay dividends. As of 2026-03-15, the fund has a dividend yield of 1.71%. This means that investors can expect to receive approximately 1.71% of their investment in JMIN as dividend income annually.

The dividend yield can fluctuate based on market conditions and the performance of the underlying holdings. Dividends are typically paid out on a quarterly basis, providing investors with a regular stream of income.